3M Completes Subsequent Offering Period for Cogent, Inc.

3M (NYSE: MMM) today announced that its direct wholly-owned subsidiary, Ventura Acquisition Corporation, has completed its cash tender offer for Cogent, Inc. (NASDAQ: COGT).

As contemplated by the terms of the previously announced merger agreement, 3M intends to acquire the remaining publicly held shares of Cogent common stock in a second-step merger in which each outstanding Cogent share that was not acquired by 3M in the offer will be converted into the right to receive $10.50 in cash and Cogent will become a wholly-owned subsidiary of 3M.